Trump’s policies may be Reagan-like, but the economy’s not, says former Reagan economist

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Published : December 28th, 2016
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Category : Opinions and Analysis

CNBC/Elizabeth Gurdus/12-28-2016

“‘We’ve got a year coming here where the labor price pressure is pushing though into product prices [and] inflation numbers are up. That’s why you see the bond yields up, because inflation’s coming around,’ said Rutledge.”

MK note: Former Reagan economist John Rutledge details an opinion very similar to what we expressed in a News & Views Special Report published earlier this month titled “Trump, Reagan economies at polar opposites.”  If you read that Special Report and thought the argument had some merit, you will gain from the first-hand details provided at the link above.

Rutledge expects a strong performance from real estate under the circumstances, and in many places it is already appreciating.  Real estate did well under the economic conditions that preceded the Reagan era, and, for the same reasons, gold and silver also did well – in fact, spectacularly well.  We cannot know with certainty if inflation will actually take hold in the economy, but if it does, hard assets will be just as much at the top of investors’ wish lists as they were in the 1970s.


If you would like to read our Special Report, here you can sign-up for immediate access.

Source : www.usagold.com
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Michael J. Kosares is the founder of USAGOLD-Centennial Precious Metals, Inc., the author of "The ABCs of Gold Investing: How to Protect and Build Your Wealth with Gold", and numerous magazine and internet articles and essays. He is also writes a popular weekly Client Letter on the gold market. Mr. Kosares is frequently interviewed in the financial press and is well-known for his on-going commentary on the gold market and its economic, political and financial underpinnings. He has over 30 years experience in the gold business. USAGOLD-Centennial Precious Metals is one of the oldest and most prestigious gold firms serving private investors in the United States, Europe, Canada and Australia.
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